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Energy Minerals$82.53
-0.33%4:00PM 10/19/2020

Aggregated price index

Aggregated price index with volume information

Summary:

  • Energy Minerals stocks down 0.3% on average while median return down -0.0% in a day
  • Energy Minerals stocks down 3.4% on average while median return down 4.1% in a week
  • Energy Minerals stocks up 2.3% on average while median return up -9.5% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies
  • 1M winners are : Winners for past month are $NOG 806.0%, $MARPS 154.4%, $HUSA 69.0%, $AR 25.9%, $MXC 24.5%
  • 1M losers are : Losers for past month are $SM -28.3%, $HCC -28.7%, $BATL -29.3%, $NEXT -42.4%, $BTU -58.8%
  • 1W winners are : Winners for past week are $MARPS 67.3%, $TGC 13.1%, $NC 10.9%, $GBR 10.0%, $TGS 9.7%
  • 1W losers are : Losers for past week are $WPX -11.3%, $PBF -13.0%, $DK -13.1%, $PNRG -15.0%, $BTU -20.1%
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Correlation Analysis

Index correlation analysis

Correlation for the past month is 31.3%, for the past 3 months is 27.4%

In the past month for a 5 days rolling window, the highest corrrelation is 51.4%, the lowest correlation is 14.9%, the latest correlation is 51.4%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 93.6% between CNQ and CPG

The lowest correlation is -40.1% between AMPY and BTU

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